Homula Realty Brokerage
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3758 Main Street, Niagara Falls, ON L2G 6B2

7 beds · 4 baths · 4 kitchens · 20 rooms · 14 parking spaces · 3000-3500 sq ft · Multiplex
$1,996,000
Property tax
$8,029 / year

**1.24 ACRES OF PRIME DEVELOPMENTAL LAND ZONED GC (GC ALLOWS FOR AIR BNB SHORT TERM RENTAL LICENCE + MANY OTHER COMMERCIAL USES) AND R2 IN THE HEART OF DOWNTOWN CHIPPAWA IN NIAGARA FALLS ADJACENT TO THE RIVER AND PROXIMAL TO THE FALLS AND TOURIST ATTRACTIONS!!** THIS AMAZING PARCEL INCLUDES A LARGE 2500+ SQFT TRIPLEX (70 FT FRONTAGE) + A 1000 SQFT BUNGALOW SITUATED ON A HUGE DOUBLE LOT (120 FT FRONTAGE) + AN EQUALLY SIZED DOUBLE LOT (120 FT FRONTAGE) AND WILL BE SOLD VACANT!!! THE STATUESQUE BRICK TRIPLEX HAS A ONE BEDROOM UNIT APPROXIMATELY 700 SQFT, A RENOVATED 2 BEDROOM, TWO STOREY UNIT APPROXIMATELY 1800 SQFT AND THE FULL MAIN FLOOR UNIT THAT INCLUDES THE BASEMENT THAT OFFERS 2 BEDROOMS, 2 BATHROOMS, 9 FT CEILINGS W/GORGEOUS ORIGINAL CHARACTER + HUGE DETACHED WORKSHOP THAT EASILY FITS 4 CAR PARKING. THE PARCEL ALSO INCLUDES THE DOUBLE WIDE LOT NEXT TO THE TRIPLEX AND THE 1000 SQFT, 2 BEDROOM BUNGALOW AT THE REAR OF THE PROPERTY THAT FRONTS ON WELLAND STREET. 3699 WELLAND STREET IS ALSO A DOUBLE WIDE LOT BOASTING A DETACHED BUNGALOW W/D9 FT CEILINGS, TWO BEDROOMS, 1 BATHROOMAND CITY SERVICES. THE POSSIBILITIES ARE ENDLESS AS THE PROPERTY FRONTS ON TWO MAIN STREETS IN THE HEART OF THIS CITY CENTRE.

MLS number
X12847160
Type
Multiplex
Status
Active
Bedrooms
7
Bathrooms
4
Postal code
L2G 6B2
Photos
50
Laundry
Not in the unit
195days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$399,200 · minimum here is $399,200
$8,837.86per month
Borrowed before insurance$1,596,800
Total borrowed$1,596,800
Interest over 25 years at 4.5%$1,054,557

If you rented it out

-$9,506.94per month out of pocket
Rent$0.00
Everything it costs to hold$9,506.94
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ROYAL LEPAGE NRC REALTY. Listing data provided by the Toronto Regional Real Estate Board.